CCCC Real EstateThe 13thannouncementIt said that the company’s financial institution debt due at the end of May 2022 totaled about 2.44 billion yuan.According to the company’s disclosed first quarter report of 2022, as of March 31, 2022, the companycurrencyThe balance of funds is 17.399 billion yuan, the short-term debt is 16.665 billion yuan, and the cash-to-short-term debt ratio is 1.04, which meets the “three red lines” requirements for a cash-to-short-term debt ratio greater than 1. The above monetary funds can cover the company’s daily business needs and repayment of due loans from financial institutions.
The announcement stated that the company’s current cash flow is normal, financing channels are smooth, and it can guarantee the repayment of due debts.In the case of continuous real estate policy regulation, the company has been actively exploring a variety of financing channels, CCCC Real Estate Group Co., Ltd. as the company’s controlling shareholdershareholderby providing guarantees for the company’s financing and providing loans to our company, actively supporting the development of the company’s main business, and providing useful support for the company’s financing work and business development.
(Article source: Xinhua Finance)